Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.6% in the 4th quarter, HoldingsChannel reports. The firm owned 21,400 shares of the bank’s stock after selling 800 shares during the period. New Mexico Educational Retirement Board’s holdings in Citizens Financial Group were worth $936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CFG. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Citizens Financial Group during the 4th quarter worth about $8,134,000. BTC Capital Management Inc. boosted its position in shares of Citizens Financial Group by 19.8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock worth $1,882,000 after acquiring an additional 7,119 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after acquiring an additional 367,439 shares in the last quarter. Patton Fund Management Inc. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth about $6,694,000. Finally, Versor Investments LP acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth about $1,910,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CFG. Barclays upped their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Raymond James reissued a “strong-buy” rating and issued a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Piper Sandler upped their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Citigroup upped their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $46.43 on Tuesday. The company has a market cap of $20.46 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10. The stock has a 50 day simple moving average of $45.75 and a 200-day simple moving average of $43.75. Citizens Financial Group, Inc. has a 12-month low of $30.30 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.93 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.